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LArry and Curly are partners who share profits and losses in a 3:2 ratio. They agree to let Moe into the partnershipfor a 20% interest if he invests $50,000. Larry's and Curly's capital balances are $150,000 and $100,000, respectively. After admitting Moe to the partnership, Larry's capital balance will be?

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Accounting Basics, Accounting

Category:- Accounting Basics
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